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Wednesday, July 06, 2005 2:24:32 PM
***QQQQ go red as oil tops $61/barrel here... Dow has been down about 50 pts since lunch, and is now down 64 as the Nasdaq Composite & Q's decide to join it in the red, meanwhile the S&P 500 which was hinged right on 1200 has broken through and is now at 1198.45...
Volume on the Q's currently is very low at 54.6 million... shorts could easily come in here and take advantage of the lack of bid action and drag the indicies down even further into the close, we will see what takes shape...
In other news, today there is a new moon, and there is supposed to be a shift associated with it. The fact that the indicies rose Tuesday and into this new moon of today is extremely bearish going forward for the intermediate-term at least... we will see if I'm proven correct with time...
Volume on the Q's currently is very low at 54.6 million... shorts could easily come in here and take advantage of the lack of bid action and drag the indicies down even further into the close, we will see what takes shape...
In other news, today there is a new moon, and there is supposed to be a shift associated with it. The fact that the indicies rose Tuesday and into this new moon of today is extremely bearish going forward for the intermediate-term at least... we will see if I'm proven correct with time...
HI-HO SILVER !!!
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